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The Bittensor price plunged 10% in the last 24 hours to trade at $231.79 as of 12:22 a.m. EST on trading volume that surged 39% to $183 million.
Bittensor Price Currently On A Bearish Trend – A Reversal Incoming?
The TAO price has been in a strong downtrend, forming a falling wedge pattern, which is typically a bullish reversal signal.
The Bittensor price has consistently followed the downward-sloping resistance and support levels, creating lower highs and lower lows.
Meanwhile, an ABC correction pattern has played out within this wedge, with points A, B, and C marking key price swings, according to GeckoTerminal data.
This suggests that the market may have reached a potential exhaustion point in the downtrend.
The 50-day Simple Moving Average (SMA) (369) and the 200-day SMA (459.42) are both far above the current price, confirming the bearish trend.
The Relative Strength Index (RSI) is at 29.36, which is deep in oversold territory. This suggests that selling pressure may be overextended, increasing the probability of a reversal or a relief rally.
TAO Price Prediction
Given the falling wedge structure, oversold RSI, and potential for a breakout, Bittensor’s price looks poised for a reversal.
If TAO breaks above the wedge resistance and clears the $369 level (50-day SMA), the next major target would be around $459 (200-day SMA and historical resistance).
However, if the price of Bittensor continues to struggle below the wedge resistance, further downside could be possible, but the oversold RSI suggests a breakdown is less likely.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to become the best AI agent crypto of 2025.
MIND Of Pepe Presale Raises Over $7.2 Million
MIND of Pepe has officially passed the $7.2 million mark in its presale, as this AI-powered meme coin has been attracting attention from all corners of the market.
The project introduces a crypto-centric AI model that is capable of absorbing insights, trading strategies, and real-time data from platforms like X and Reddit. It’s designed to spot hidden gems or sniff out trends before human traders catch on. The ultimate goal is to give both new and experienced investors an edge in the crypto market.
Fusion. $MIND pic.twitter.com/EDorFVZul5
— MIND of Pepe (@MINDofPepe) March 11, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 314% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0034955 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website. Interested investors will want to act fast, because MIND’s price will undergo a presale increase in less than 40 hours.
Check out the MIND of Pepe website.
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